Latest updates: prime minister says ‘freedoms unlocked by Brexit’ will help growth as IMF says UK economy will shrink
anniversary released overnight, Downing Street says Brexit is “a huge opportunity to deliver on the prime minister’s priorities to the British public”. And it identifies five areas where it claims Brexit is contributing to the growth agenda. It says:From Plymouth to Teesside, eight freeports across England are now open for business, galvanising emerging sectors from manufacturing to renewable energy and delivering jobs and prosperity in areas that need it the most.
In addition to the financial services and markets bill and reforming Solvency II, the government is taking advantage of the UK’s position outside the EU and going further through the Edinburgh Reforms to ensure the UK’s financial services sector is dynamic, sustainable and globally competitive – supporting businesses and powering growth right across the country.Regulatory reform is a key area where the UK can develop a competitive advantage in order to grow the economy.
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